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The FED interest rates are defined in this market based on the upper bound of the target federal funds range. The Federal Open Market Committee (FOMC) meetings determine the decisions on the target federal fund range.\nThis market is for the number of rate cuts by the Fed in the year 2025.\nThis market will resolve to the corresponding \"Yes\" based on the exact number of rate cuts by the Fed's December meeting (includes any cuts made during December meeting). All other markets will resolve to \"No.\"\nThe corresponding market may resolve to \"Yes\" immediately after the statement from the Fed's December 2025 meeting depending on the exact number of rate cuts by then.\nA cut of 25bps is considered 1 rate cut so if the FED cuts rates by 50bps after a meeting that would be considered 2 cuts.\nMarkets can resolve to \"No\" before December. For example if there are 2 or more rate cuts at any point before this market's resolution date, the market for 1 (25bps) will resolve to \"No\".\nNote that cuts between 1-24 bps (inclusive) will be considered 1 rate cut.\nThe resolution source for this market will be The Federal Open Market Committee (FOMC) statements after meetings scheduled in 2025 based on the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.\nThe level and change of the target federal funds rate is also published on the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.